#11
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Re: The real reason for Neteller payment delay
The NACHA governs ACH's for US banks. Neteller does business with foreign banks whose ACHs are governed by foreign regulatory entities not the NACHA. Also, if Neteller holds short term bonds, they may not want to liquidate them before maturity. Doing so costs money in commissions, lost interest and maybe sales price.
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#12
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Re: The real reason for Neteller payment delay
[ QUOTE ]
Don't write so long posts when you have no idea what you are talking about. They can liquidate all sorts of government bonds very quickly, also most other ways that have invested clients' money can be liquidately quickly (it takes 2 mins, not 3-6 months, this isn't 1842 [img]/images/graemlins/tongue.gif[/img]). If they haven't made some horrible investments or taken money from accounts to run their operations (both would probably include illegal actions), then your money should be available quickly. [/ QUOTE ] Much better to keep it short when all you've got is idle speculation. |
#13
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Re: The real reason for Neteller payment delay
I can share with all here with good authority that the ACH reference by the OP is the ACH for US Banks, and, federally (US) charted banks of foreign banks.
The plumbing for NT to pay you would be ... 1 - NT instructs it's bank to pay your bank (for your benefit). 2 - NT's bank would tell it's correspondent bank (a US federally chartered bank) to pay your bank (for your benefit; assuming your bank is not NT's correspondent bank). 3 - NT's bank US correspondent would then use ACH to send money to your bank (for your benefit). 4 - your bank would credit your account. So ... I think the OP has it wrong. NT doesn't have access to ACH anyway - only their banks US correspondent does. ACH has nothing to do with payments between non-US banking accounts. |
#14
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Re: The real reason for Neteller payment delay
what I'm wondering is how did they not anticipate this?
or do they just not care? |
#15
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Re: The real reason for Neteller payment delay
I agree with Jacob and what I was trying to explain is if their US correspondent bank has shut off Neteller, they can not fund US bank accounts until they can find a new sponsor bank which I can't see any bank willing to take on that much risk for almost zero revenue.
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#16
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Re: The real reason for Neteller payment delay
JP,
Please share with us your financial background. From the view point of a CPA you don't know [censored] about what you are posting. |
#17
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Re: The real reason for Neteller payment delay
I really don't think Neteller is at fault here for any of this. I think they were caught with their pants down.
But I really do wish someone over there would post something on their Web site to tell us what's going on and put to rest all these wild-ass rumors that keep flying everywhere. |
#18
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Re: The real reason for Neteller payment delay
they don't want to pay right now.
i find very very hard to believe there are no banks in all of europe willing to print 10000s cashier's checks. then it would take maybe 5 people one day to put them in a fedex envelopes and stick a label on it. |
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